Finance
Even the most pessimistic economic forecasters did not anticipate the sharp downturn in economic momentum reflected in the Gross Domestic Product (GDP) estimates for the July-September quarter. From a five-quarter low of 6.7% in the first quarter (Q1), most independent economists expected GDP growth of 6.5% in Q2, citing slackening urban demand indicators such as…
Stock market bears proved to remain in short supply Monday, with some key indexes refreshing their new-high marks to kick off the final month of trading in 2024. The Nasdaq composite clearly led with a 1% lift to 19,403, ending not far from its session high of 19,436 and at an all-time closing high. At…
Tesla (TSLA) CEO Elon Musk’s record 2018 pay deal was rejected again by a Delaware judge, even though shareholders again backed the massive compensation deal in June. Tesla stock fell slightly in after-hours trading. Delaware Court of Chancery Judge Kathaleen McCormick, in a late Monday decision, stuck with her January decision that Tesla’s board was…
The Nasdaq and S&P 500 ended higher on Monday, boosted by tech-related shares after the market posted a strong November, with investors awaiting this week’s economic data including the key monthly jobs report on Friday. The Dow was down slightly on the day. Both the Dow and S&P 500 recorded their biggest monthly percentage gains in a year on Friday. The…
A trader works on the floor at the New York Stock Exchange on Dec. 2, 2024. Brendan Mcdermid | Reuters Stock futures are near flat Monday night after the S&P 500 concluded the first session of December’s trading month at an all-time closing high. S&P 500 futures and Nasdaq 100 futures both sat near their…
S&P 500, Nasdaq on Track for Records as Dow Slips The S&P 500 and Nasdaq Composite were both headed for record closing highs on Monday, but things may get bumpier in the days ahead. The S&P 500 was up 0.3%, even though only 190 stocks in the index were on track to close higher. It…
Topline Most major banks call for a third consecutive year of strong returns for the S&P 500, the benchmark stock index tracking 500 of the largest public American companies, offering a welcome bullish signal for investors already enjoying a historic bull market. Can the stock market replicate the 20%-plus gains hit each of the next…
Wall Street’s fickle pendulum when it comes to the Federal Reserve has swung more decisively toward expectations for a December rate cut. The market-implied probability for a reduction at the December meeting of the Federal Open Market Committee rose to 62.4% on Monday, according to the CME Group’s FedWatch measure of 30-day fed funds futures…
December 2nd, 2024, 8:18 PM GMT+0000 Capital Economics Chief Global Economist Andrew Kenningham discusses what to expect with France’s government as Marine Le Pen pledged to topple Prime Minister Michel Barnier’s government, threatening financial and political disruption for France, after he failed to meet her demands on a new budget. (Source: Bloomberg) Source link
Wall Street’s main indexes were set for a flat open on Monday, with focus on a slew of economic data this week, while Intel shares rose after its CEO retired following its struggles to keep up in the market for AI chips. This week’s centerpiece would be the November nonfarm payrolls report due on Friday,…